Loan Comparison: 6.63% vs 6.5%
1754 Palmer Park Boulevard, Colorado Springs, CO 80909 · 4bd/2ba · $465,500
List Price
$465,500
Assumable Rate
6.63%
Remaining Balance
$407,527
Equity Gap
$57,973
Loan Type
FHAAdjust Your Scenario
$23,275
$23,275$57,973
7.50%
5%10%
Second mortgage rate on the equity gap
Conventional Rate: 6.5% (30yr fixed)
Assumable Rate: 6.63% (FHA)
Blended Rate: 6.70%
Monthly Payment Comparison
New Conventional @ 6.5%
$2,795/moAssumable @ 6.63% + gap loan
$2,853/moAssumed loan: $2,611/mo
Gap financing: $243/mo
Your Savings on This Property
1754 Palmer Park Boulevard, Colorado Springs · 6.63% FHA vs 6.5% conventional
$0
per month
$0
per year
$0
over 30 years
$0
interest saved
How gap financing works: The equity gap ($57,973) is the difference between the home price and the remaining loan balance. You cover this with a down payment ($23,275, 5% of purchase price) and a second mortgage for the rest ($34,698 at 7.5%). Even with two payments, the blended cost is typically much lower than a new conventional loan. We work with lenders who specialize in assumption gap financing.
🏠
Back to This Listing
View photos, details, and request a showing for 1754 Palmer Park Boulevard.
View Listing Details📈
Interested in This Home?
Get full loan details and schedule a showing. Free, no obligation.